Thursday, May 20, 2010
NIFTY EOD Analysis as on 20th May 2010
CMF is falling.(-)
Stochastics is showing -ve bias.(-)
EMA5 is below EMA15 (-). EMA5 resistance at 4981(-). EMA 15 resistance at 5082(-).
Slope of EMA 5 is down.(-)
Answers for Yesterday
Bulls tried to push up the prices, but in the end bears came in and the close was almost near the mid-point of the day's range. Bulls couldn't sustain the day's high.
Questions
What is going to happen next? Let's wait and watch.
Subscribe to:
Posts (Atom)